The Global Artificial Intelligence Diagnostics Market Growth Accelerated by Advancements in AI and Deep Learning Algorithms

 


Artificial Intelligence Diagnostics refers to the integration of AI and machine learning technologies to improve diagnostic accuracy and assist physicians in making clinical decisions. AI can analyse medical images, pathology slides, and genomic data to identify biomarkers, detect anomalies, make precise measurements, count cells and objects, and segment tissues. This helps radiologists and pathologists enhance their workflow and diagnostic capabilities.

The global Artificial Intelligence Diagnostics Market is estimated to be valued at US$ 1502.9 Mn in 2023 and is expected to exhibit a CAGR of 9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the Artificial Intelligence Diagnostics Market is the advancements in AI and deep learning algorithms. Deep learning algorithms are able to extract features from large and complex medical datasets that are difficult for humans to analyze. Advancements such as convolutional neural networks and transfer learning allow AI models to learn patterns from vast amounts of imaging and genomic data. This enhances their ability to recognize anomalies, make fine-grained diagnoses, and detect diseases at an early stage. As datasets continue to grow exponentially, advancement in deep learning will facilitate more accurate diagnostic models and drive the adoption of AI diagnostics.
Segment Analysis

The global artificial intelligence diagnostics market is dominated by the software segment. The software tools play a pivotal role in diagnostic applications as they help analyze medical images, signals and patient records. With more and more healthcare facilities adopting AI technologies, the demand for diagnostic software is growing significantly. Furthermore, as AI algorithms require huge amounts of data, software companies are focusing on developing sophisticated tools that can efficiently handle high volumes of healthcare data.

Key Takeaways

The Global Artificial Intelligence Diagnostics Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Artificial Intelligence Diagnostics Market is estimated to be valued at US$ 1502.9 Mn in 2023 and is expected to exhibit a CAGR of 9% over the forecast period 2023 to 2030.


The North American region currently dominates the global AI diagnostics market and is expected to maintain its leading position during the forecast period as well. High prevalence of chronic diseases, well-developed healthcare infrastructure, rapid adoption of cutting-edge technologies are some key factors driving the growth of artificial intelligence diagnostics market in the region.

Key players
Key players operating in the artificial intelligence diagnostics market are GE Healthcare, Siemens Healthineers, Philips Healthcare , Cardinal Health , Lantheus Medical Imaging, Bayer AG, Bracco Imaging, Eczacıbaşı-Monrol Nuclear Products , Nordion, Advanced Accelerator Applications, NTP Radioisotopes, Curium Pharma, Jubilant Life Sciences Ltd , IRE €“ IRE ELiT €“ Instituto de Pesquisas Energéticas e Nucleares, Australian Nuclear Science and Technology Organisation (ANSTO), Eckert & Ziegler Radiopharma GmbH, Isotopia Molecular Imaging Ltd. , Institute of Atomic Energy of Bangladesh , Rosatom State Atomic Energy Corporation, Board of Radiation and Isotope Technology (BRIT).

For More Insights, Read: https://www.newswirestats.com/artificial-intelligence-diagnostics-market-size-share-and-growth-forecast-2023-2030/

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